LRND vs VRAI: Grades, Fees and Holdings Compared

NYLI U.S. Large Cap R&D Leaders ETF

LRNDANasdaq

Virtus Real Asset Income ETF

VRAICNYSE Arca

Overlap

0.0%by weight

Expense ratio

LRND −0.41pt a year

LRND0.14%VRAI0.55%

Avg volume · 30D

LRND 23.8×the volume

LRND42.7KVRAI1.79K

3Y return · a year

LRND +6.9pt

LRND+21.5%VRAI+14.6%

LRND vs VRAI Performance

Oct 31, 2025 – Nov 2, 2026

+7.4%LRND+26.4%VRAI

Expense ratio: LRND 0.14%, better; VRAI 0.55%
Fund size: LRND $456M; VRAI $19M
1Y total return: LRND +7.4%; VRAI +26.4%, better
Yield (12M): LRND 0.34%; VRAI 3.04%, better
Holdings: LRND 110; VRAI 89
Avg volume (30D): LRND 42.7K sh, better; VRAI 1.79K sh
NAV per share: LRND $44.74; VRAI $28.92
52W range

ETF.net Grade

Pillar letters and Scores for LRND, VRAI, with each pillar’s weight
Pillar	LRND	VRAI
Cost30% weight	A100Higher	D31
Mission25% weight	B55	Not scored
Risk15% weight	B62	A84Higher
Tradability15% weight	A80Higher	D29
Holdings10% weight	F22	A75Higher
Durability5% weight	A74Higher	A72

Rank among US Thematic funds

How we build Categories ›

Same Category. LRND and VRAI are both graded against the same 22 US Thematic funds, so their Grades compare head to head.

US Thematic⁠

Category · 22 funds

See all 22 ›

LRND ranks 1st and VRAI 7th of 22 funds in the US Thematic Category.

Rank 1ALRNDNYLI U.S. Large Cap R&D Leaders ETFScore 76
Rank 2ATECBiShares U.S. Tech Breakthrough Multisector ETFScore 71
Rank 6CFDNFirst Trust Dow Jones Internet Index FundScore 52
Rank 7CVRAIVirtus Real Asset Income ETFScore 49
Rank 8CPKBInvesco Building & Construction ETFScore 44

Our read on each fund

ETF.net Research

LRNDANYLI U.S. Large Cap R&D Leaders ETF

VRAICVirtus Real Asset Income ETF

In short

LRND No data

VRAI Real assets without the futures. VRAI owns the stocks behind the stuff (REITs, pipelines, utilities, resource producers), equal-weights them, and screens for a three-year record of dividend growth. Trading since 2019, paying quarterly.

Stated mandate

LRND No data

VRAI The Fund seeks to track the Indxx Real Asset Income Index before fees and expenses, providing passive exposure to high-income-producing real-asset securities.

Why people hold it

LRND No data

VRAI Three real-asset sleeves in one ticker: REITs, listed infrastructure, and natural resource companies, equal-weighted so no single mega-cap sets the tone.virtus.com virtus.com 2
Buys the equities, not the barrels. No commodity futures or direct hard assets, and the index keeps master limited partnerships to 20% of the basket.virtus.com virtus.com 2
Income with a quality filter: the index emphasizes companies that grew dividends over the prior three years, not simply the fattest current yields. Pays quarterly.virtus.com
At 0.55%, the fee sits just under the typical thematic peer, and the fund lands in the upper half of that peer group on our overall read.

Worth knowing

LRND No data

VRAI Small and thinly traded, so spreads can run wider than the blue-chip pipelines and REITs inside it would suggest.
Equal weighting brings a smaller-company tilt, and real-asset sectors answer to rates and commodity cycles, so it moves on its own schedule.virtus.com
Cheaper thematic options exist (LRND at 0.14%, TECB at 0.30%), though neither is doing this real-asset income job.

Full LRND profile⁠

Full VRAI profile⁠

LRND vs VRAI Holdings

How LRND and VRAI differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of LRND and 0.0% of VRAI.

Level by level

Asset classEquity, Alternatives0.0%
Holdings0 in both0.0%
Sector11 Sectors6.3%
Countryby domicile86.8%

Sector

Sector weights in LRND and VRAI, widest gap first
Sector	More in LRNDMore in VRAI	LRND	VRAI
Technology	LRND +61.4 points	62.3%	0.9%
Energy	VRAI +38.6 points	0.0%	38.6%
Real Estate	VRAI +31.1 points	0.0%	31.1%
Utilities	VRAI +15.9 points	0.0%	15.9%
Communication	LRND +14.1 points	17.3%	3.2%
Health Care	LRND +9.8 points	9.8%	0.0%
Materials	VRAI +7.4 points	0.6%	8.0%
Consumer Discretionary	LRND +5.7 points	5.7%	0.0%
Industrials	LRND +2.4 points	2.4%	0.0%
Consumer Staples	VRAI +0.8 points	1.6%	2.4%
Financials	LRND +0.3 points	0.3%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in LRND and VRAI, widest gap first
Country	More in LRNDMore in VRAI	LRND	VRAI
United States	LRND +12.8 points	99.5%	86.7%
United Kingdom	VRAI +2.4 points	0.1%	2.5%
Canada	VRAI +2.4 points	0.0%	2.4%
Brazil	VRAI +2.0 points	0.0%	2.0%
Luxembourg	VRAI +1.2 points	0.0%	1.2%
Bermuda	VRAI +1.1 points	0.0%	1.1%
Israel	VRAI +1.1 points	0.0%	1.1%
Chile	VRAI +1.0 points	0.0%	1.0%
Other countries (7)	VRAI +1.5 points	0.4%	1.9%

Concentration

Weight in the 10 largest Holdings

LRND69.4%
VRAI14.2%

Securities held

LRND110
VRAI88

Asset class

LRND: Equity
VRAI: Alternatives

Holdings

Only in LRND110
In both0
Only in VRAI88

Only in LRND

110 securities, 100% of LRND by weight

NVIDIA Corporation16.36%
Alphabet Inc. Class A10.92%
Apple Inc.10.31%
Microsoft Corporation8.08%
Eli Lilly and Company4.93%
Amazon.com, Inc.4.56%
Broadcom Inc.4.38%
Meta Platforms Inc Class A4.09%
Advanced Micro Devices, Inc.3.81%
Palantir Technologies Inc. Class A1.96%
Cisco Systems, Inc.1.91%
Applied Materials, Inc.1.43%
Amgen Inc.1.41%
Lam Research Corporation1.38%
PepsiCo, Inc.1.05%
Arista Networks Inc0.98%
QUALCOMM Incorporated0.80%
Marvell Technology, Inc.0.80%
Vertex Pharmaceuticals Incorporated0.79%
Vanguard Information Technology ETF0.75%
State Street Technology Select Sector SPDR ETF0.75%
Fidelity MSCI Information Technology Index ETF0.74%
State Street Communication Services Select Sector SPDR ETF0.72%
Automatic Data Processing, Inc.0.65%
Dell Technologies, Inc. Class C0.62%
VanEck Pharmaceutical ETF0.58%
Vanguard Communication Services ETF0.57%
State Street Consumer Discretionary Select Sector SPDR ETF0.56%
Regeneron Pharmaceuticals, Inc.0.53%
Trane Technologies plc0.51%
ServiceNow, Inc.0.50%
Vertiv Holdings Co. Class A0.50%
Snowflake, Inc.0.50%
Fortinet, Inc.0.46%
Adobe Inc.0.46%
Sherwin-Williams Company0.45%
Illinois Tool Works Inc.0.44%
Colgate-Palmolive Company0.43%
Intuit Inc.0.42%
Cadence Design Systems, Inc.0.42%
Synopsys, Inc.0.41%
Airbnb, Inc. Class A0.39%
Datadog, Inc. Class A0.36%
Garmin Ltd.0.29%
Veeva Systems Inc. Class A0.28%
Monolithic Power Systems, Inc.0.28%
Vylor Inc0.27%
Cash0.27%
Keysight Technologies Inc0.24%
Autodesk, Inc.0.24%

Only in VRAI

88 securities, 97.6% of VRAI by weight

HighPeak Energy Inc1.39%
APA Corp1.33%
Summit Hotel Properties Inc1.32%
Northern Oil & Gas Inc1.32%
Murphy Oil Corp1.32%
Ovintiv Inc1.31%
Permian Resources Corp1.30%
SM Energy Co1.26%
Canadian Natural Resources Ltd1.25%
Matador Resources Co1.25%
Apple Hospitality REIT Inc1.25%
Bp PLC1.24%
Shell PLC1.23%
Sunstone Hotel Investors Inc1.22%
SunCoke Energy Inc1.22%
Xenia Hotels & Resorts Inc1.21%
Host Hotels & Resorts Inc1.21%
WEC Energy Group Inc1.20%
Public Storage1.19%
Alliant Energy Corp1.18%
CubeSmart1.18%
Xcel Energy Inc1.18%
Exelon Corp1.17%
Magnolia Oil & Gas Corp1.17%
VAALCO Energy Inc1.17%
Halliburton Co1.17%
Ryman Hospitality Properties Inc1.16%
Park Hotels & Resorts Inc1.16%
CMS Energy Corp1.16%
Tenaris SA1.15%
Kimco Realty Corp1.15%
Ameren Corp1.15%
American Electric Power Co Inc1.15%
Stepan Co1.15%
DTE Energy Co1.15%
Kinetik Holdings Inc1.15%
Plains All American Pipeline LP1.15%
RPC Inc1.14%
HF Sinclair Corp1.14%
American Tower Corp1.14%
Edison International1.13%
California Resources Corp1.13%
Plains GP Holdings LP1.12%
Williams Cos Inc/The1.11%
Cenovus Energy Inc1.11%
Brookfield Infrastructure Partners LP1.11%
Brixmor Property Group Inc1.11%
Eversource Energy1.10%
Alliance Resource Partners LP1.10%
SLB Ltd1.09%

Weight gaps

LRND and VRAI share no securities.

All 107 LRND holdings⁠All 198 VRAI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LRND vs VRAI Cost

Overpaying VRAI vs LRND

$7,972

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

LRND 0.14%
$2,932
VRAI 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

LRND 0.14%
VRAI 0.55%
Overpaying

Year by year

Year	LRND	VRAI	Overpaying
10	$256	$988	$732
20	$1,000	$3,790	$2,790
30	$2,932	$10,904	$7,972

Expense ratio

0.14%LRND, cheaper
0.55%VRAI

LRND0.14%VRAI0.55%

0.14%0.87%

Middle half of US Thematic funds
Median 0.35%

LRND cheapest of 22 funds

VRAI 15th cheapest of 22 funds

LRND vs VRAI Dividends

Last 12 months to Nov 2, 2026

Yield (12M): LRND 0.34%; VRAI 3.04%, better
Payout (12M): LRND $0.15; VRAI $0.87
Last payment: LRND $0.04; VRAI $0.26
Ex-dividend: LRND Sep 30, 2026; VRAI Sep 21, 2026
Paid on: LRND Oct 2, 2026; VRAI Sep 28, 2026
Frequency: LRND Quarterly; VRAI Quarterly

Distribution history

Per share, 2019 to 2026, same scale for both

LRNDQuarterly · 19 paymentsAll LRND payments⁠

VRAIQuarterly · 30 paymentsAll VRAI payments⁠

LRND vs VRAI Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: LRND 15.9%VRAI 13.0%, better
Return per unit of riskSharpe ratio, 3 years: LRND 1.13, betterVRAI 0.86
Worst fallMax drawdown, 5 years: LRND −25.4%since Feb 2022VRAI −26.7%
Market sensitivityBeta, 5 years: LRND 1.06VRAI 0.54; Market = 1

Popular comparisons

LRNDAvsTECBA
NYLI U.S. Large Cap R&D Leaders ETF · iShares U.S. Tech Breakthrough Multisector ETF
Expense ratio
0.14% · 0.30%
Category
VRAICvsTECBA
Virtus Real Asset Income ETF · iShares U.S. Tech Breakthrough Multisector ETF
Expense ratio
0.55% · 0.30%
Category
LRNDAvsLOHAB
NYLI U.S. Large Cap R&D Leaders ETF · Roundhill HALO ETF
Expense ratio
0.14% · 0.35%
Category
VRAICvsLOHAB
Virtus Real Asset Income ETF · Roundhill HALO ETF
Expense ratio
0.55% · 0.35%
Category
LRNDAvsHOMZB
NYLI U.S. Large Cap R&D Leaders ETF · Hoya Capital Housing ETF
Expense ratio
0.14% · 0.30%
Category
VRAICvsHOMZB
Virtus Real Asset Income ETF · Hoya Capital Housing ETF
Expense ratio
0.55% · 0.30%
Category